Business News | LPG Booking Period Increased from 21 To25 Days; Refineres Asked to Boost LPG Output: Govt Sources
Get latest articles and stories on Business at LatestLY. To stop hoarding and black marketing, the booking period for LPG gas cylinder has been increased from 21 to 25 days, government sources said on Monday.
New Delhi [India], March 9 (ANI): To prevent hoarding and black marketing, the booking period for LPG gas cylinders has been increased from 21 to 25 days, as per government sources.
"There were instances that people who were earlier booking LPG cylinders in 55 Days have started booking cylinders in 15 days," they said on Monday.
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The government has ordered refineries to boost LPG output and also ordered to prioritise domestic LPG over commercial connections.
"Domestic consumers will always be a priority," the sources reaffirmed, as India scouts for more LPG partners. Countries like Algeria, Australia, Canada, Norway have approached to sell LPG to India, they added.
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Petrol and diesel prices in India are unlikely to increase, unless and until crude oil prices breach USD 130 per barrel, government sources said.
The fuel prices are unlikely to increase as India has enough stock, the sources said.
"We expect crude oil prices to be around USD 100 per barrel," one of the sources said. "No problem of shortage of petrol and diesel at any pump in country."
They also said that sourcing crude other than the Strait of Hormuz route has been accelerated.
Further, the said sources indicated that India has enough stock of Aviation Turbine Fuel (ATF). "India is a producer and exporter of ATF, no need to panic about ATF," they said.
India, the sources said, is better placed than other countries. (ANI)
(The above story is verified and authored by ANI staff, ANI is South Asia's leading multimedia news agency with over 100 bureaus in India, South Asia and across the globe. ANI brings the latest news on Politics and Current Affairs in India & around the World, Sports, Health, Fitness, Entertainment, & News. The views appearing in the above post do not reflect the opinions of LatestLY)